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Boston Herald

Mass. seeks 10,000 mortgages for new homebuyers

June 10, 2013

BOSTON ? State officials are seeking a commitment from banks to approve at least 10,000 mortgages for first-time homebuyers over the next five years.

Gov. Deval Patrick plans to unveil the Massachusetts Home Ownership Compact on Monday, which calls on lenders to originate mortgage loans for buyers with household incomes that fall below the median income in their geographical areas.

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